Thursday January 08, 2015 10:07 AM
(Kitco News) - Gold prices have pushed to moderately higher levels in late-morning trading Thursday. Short covering from the shorter-term futures traders and bargain-hunting buying interest in the cash market are featured activities.
Reports said Federal Reserve Bank of Chicago president Charles Evans said he does not advocate the Fed raising interest rates in 2015. Evans is a voting member of the FOMC, and his remarks were deemed dovish by the market place and supportive for the precious metals markets. February gold was last up $4.30 an ounce at $1,214.90.
Reports said Federal Reserve Bank of Chicago president Charles Evans said he does not advocate the Fed raising interest rates in 2015. Evans is a voting member of the FOMC, and his remarks were deemed dovish by the market place and supportive for the precious metals markets. February gold was last up $4.30 an ounce at $1,214.90.
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